MERIDIAN MINING PLC (MNO.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:MNO - GB00BVPND783 - Common Stock
We assign a technical rating of 9 out of 10 to MNO. In the last year, MNO was one of the better performers, but we do observe some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- When comparing the yearly performance of all stocks, we notice that MNO is one of the better performing stocks in the market, outperforming 91% of all stocks. We also observe that the gains produced by MNO over the past year are nicely spread over this period.
- MNO is part of the Metals & Mining industry. There are 820 other stocks in this industry. MNO outperforms 76% of them.
- MNO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month MNO has a been trading in the 1.43 - 1.67 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MNO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.53, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MNO in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.32
4 important support areas can be observed.
- A support zone ranging from 1.47 to 1.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.42 to 1.44. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @1.36 from a trend line in the daily time frame.
- Support @1.33 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.67 to 1.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for MNO.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MNO.CA is neutral. |
| ChartMill Relative Strength | 91.64 | POSITIVE | MNO.CA has a high relative strength, it outperformed 91.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MNO.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MNO.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MNO.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.53 | NEUTRAL | The RSI value for MNO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MNO.CA has a positive trend. |
| Stochastics (14,3) | 57.89 | NEUTRAL | The Stochastics value for MNO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.67 | HIGH VOLATILITY | The high ATR as a percentage value for MNO.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 24.49 | NEUTRAL | The ADX value for MNO.CA suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.68 | 1.46 | 0.22 (13.10%) | 7.64% |
| An entry @1.68. This is a Buy Stop order right above the resistance zone. | An exit @1.46. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.22 points, which is 13.10%. | When investing 7.64% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:MNO (1/23/2026, 7:00:00 PM)
1.57
+0.03 (+1.95%)
MERIDIAN MINING PLC / MNO.CA FAQ
Can you provide the ChartMill technical rating for MERIDIAN MINING PLC?
ChartMill assigns a technical rating of 9 / 10 to MNO.CA.
What is the current trend direction of MERIDIAN MINING PLC (MNO.CA) stock?
The current trend direction for MERIDIAN MINING PLC (MNO.CA) is Bullish.
What is the RSI signal for MNO stock?
MERIDIAN MINING PLC (MNO.CA) has an RSI value of 54.5322. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for MERIDIAN MINING PLC?
MERIDIAN MINING PLC (MNO.CA) has a support level at 1.53 and a resistance level at 1.67. Check the full technical report for our detailed analysis of MNO.CA support and resistance levels.